NEW DELHI : JSW One Platforms Ltd, the tech venture of the JSW Group, aims to achieve break-even within two years, after having quadrupled its gross merchandise value (GMV) since last year, said chief executive Gaurav Sachdeva. “So, we will break-even...somewhere closer to FY26. When we say break-even, it is not Ebitda (earnings before interest, taxes, depreciation, and amortization) break-even, but PBT (profit before tax) break-even.
So, on a PBT basis, we should be somewhere closer to the last quarter of FY26, or the full year of FY27," he said in an interview. The manufacturing segment has started making money but investments in other segments and expenses on account of expanding into new markets will require cash, he added. “Manufacturing, which is 75-80% of our business, is profitable, and runs on its own.
Today, capital is being used to build others. So, overall, we have given guidance that FY27 is the first year we will be profitable." The firm has enough cash to fund its expansion for the next 24 months, Sachdeva said. The JSW One integrated technology platform hosts JSW One MSMEs and JSW One Homes, and operates in both domains, facilitating the sale of stainless steel, cement products, and flat and long steel to micro, small, and medium enterprises, in addition to running a home construction unit.
The platform expects a fourfold increase in GMV over last year. “We are targeting about ₹700 crore monthly GMV by March 2024. But our internal target is to exit March with over ₹700 crore monthly GMV.Read more on livemint.com